Gary Vee recently posted a blog post on his insights about NFTs and their value in the future. He compares the current Non-fungible token market to the early dotcom days when only the lucky ones emerged victorious.
The creator of VeeFriends expresses his frustration of seeing tweets like NFTs are over without realizing the apparent worth of the technology.
According to Gary, most people in space are blinded by greed to earn money fast. Like in 1999-2000 when people jumped the day trading bandwagon without any knowledge or research, the current NFT market is quite similar.
“In my opinion, greed is the biggest weakness in the NFT space right now,” he said. “ “This is a marathon, but everyone’s treating it like a micro sprint and a gold rush, and that’s why most will lose.”
When arguing over NFTs and their authenticity he gave examples of various celebrities, brands, and entertainment companies who are actively joining the space because they know the value and utility of this technology.
Gary also shared his predictions on NFTs in 2023. According to him, more and more talents will introduce their NFT projects on top of current projects. In terms of utility, the collectibles and contracts will remain a “permanent fixture in society.”
As 2023 comes to a close, a lot of speculation and excitement is buzzing around NFTs, metaverse, crypto, and Web3. Gary encourages builders and creators to keep building and believing. “NFTs aren’t going anywhere. I still believe they’re here to stay – forever.”
